29 E Palmer Street, IN 46225

$375,000
5
BD
4
BA
2,520
SqFt

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Sold Price
$375,000
List Price
$369,000
Status
SOLD
Days on Market
215
Closing Date
Jun 08, 2026
MLS#
22070271
Subtype
Residential
Year Built
1890
Bedrooms
5
Bathrooms
4
Full Baths
3
Half Baths
1
Living Area
2,520
Acres
0.17
Subdivision
James Franks S Meridian Street Add
MLS Area Major
Center

Property Description

Prime Downtown Investment Opportunity! Welcome to this fully renovated 5-bedroom, 3.5-bath home ideally located in the heart of downtown Indianapolis-just minutes from Lucas Oil Stadium, Fountain Square, and all the best dining, shopping, and entertainment the city has to offer. Currently being utilized as a triplex, this property generates a strong monthly income of $3,300. All tenants are month-to-month, providing excellent flexibility for investors or future owner-occupants. Inside, you'll find updated finishes throughout, modern bathrooms, and a stylish kitchen with contemporary touches. The home also features a spacious basement offering endless opportunities-perfect for storage, expansion, or additional living space. Whether you're looking to expand your rental portfolio or secure a downtown home with income potential, this property is a rare find. Square footage is approximate and not actual.

Additional Information

Interior Features
Breakfast Bar
Taxes
$1,407
Financing
Conventional, FHA, VA
Appliances
Dishwasher, Gas Oven, Refrigerator
Air Conditioning
Central Air
Stories
Two
Foundation
Crawl Space, Partial
Garage Spaces
2

Listing courtesy of Gabriela Gonzalez. Highgarden Real Estate

Selling Office: The Indy Realty Shop.

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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.


Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.